This market research report presents the segmentation of the global polymethyl methacrylate (PMMA) market by application (signs and display, construction, automotive, electronics, medical, sanitary, and furniture and interiors), by form (extruded sheets, pellets, cell cast sheet and blocks, and beads), and by geography (APAC, Europe, North America, and ROW). The key vendors analyzed in this report are Arkema, BASF, Chi Mei, Evonik, Mitsubishi Rayon, Kuraray, SABIC, and Sumitomo Chemical.
Technavio’s market research analysts estimate the global PMMA market to grow at a CAGR of around 5% between 2015 and 2019. The PMMA market growth is primarily spurred by the demand from LED TVs, and the construction and automotive sectors. APAC dominates the global market for PMMA, accounting for around 59% of the total market share. The rising disposable income in this region is anticipated to spur the LED flat screen TV market, which in turn will augment the PMMA market in APAC.
The new market research report from Technavio provides a breakdown and analysis of the polymethyl methacrylate segments by technology.
“The market is witnessing the growing demand for bio-based PMMA, owing to the rising demand for renewable and sustainable polymers. These bio-based polymers are used in manufacturing of medical components owing to its biocompatibility in comparison with PC and PVC. Also, they are replacing glass in light weight engineering plastics owing to their UV resistance and shatterproof properties,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
Of late, PMMA dermal fillers have found increased usage in medical device implants. These dermal fillers have proved beneficial in the treatment of furrows, wrinkles, scars, and skin folds. PMMA dermal fillers possess materials that are absorbed by the body over a period of time. They are natural, convenient to use, and provide comfort and safety.
Signs and display segment is the largest consumer of PMMA, accounting for 38% of the total market share. The demand from this sector is anticipated to arise from applications such as signage, exhibition booths, point of sale, and museum casings.
The leading vendors in the global PMMA market are Arkema, BASF, Chi Mei, Evonik, Mitsubishi Rayon, Kuraray, SABIC, and Sumitomo Chemical. The market is moderately concentrated with a handful of suppliers. The market is seeing a rise in the influx of private vendors. This research report predicts the market to witness an increase in consolidations during the forecast period.
A more detailed analysis is available in the Technavio report Global Polymethyl Methacrylate (PMMA) Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other Related Reports:
